Todd Asset Management LLC cut its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 6.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 351,021 shares of the manufacturing equipment provider’s stock after selling 23,335 shares during the quarter. Todd Asset Management LLC’s holdings in Applied Materials were worth $18,285,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in AMAT. LeJeune Puetz Investment Counsel LLC purchased a new stake in Applied Materials in the third quarter valued at about $105,000. MPS Loria Financial Planners LLC purchased a new stake in Applied Materials in the second quarter valued at about $109,000. Wunderlich Capital Managemnt raised its stake in Applied Materials by 2.9% in the second quarter. Wunderlich Capital Managemnt now owns 3,037 shares of the manufacturing equipment provider’s stock valued at $125,000 after buying an additional 87 shares during the last quarter. Bessemer Group Inc. raised its stake in Applied Materials by 145.4% in the second quarter. Bessemer Group Inc. now owns 3,067 shares of the manufacturing equipment provider’s stock valued at $126,000 after buying an additional 1,817 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Applied Materials in the second quarter valued at about $134,000. Institutional investors own 79.35% of the company’s stock.

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Applied Materials, Inc. (NASDAQ AMAT) traded down $0.55 during midday trading on Tuesday, hitting $56.48. The stock had a trading volume of 3,398,702 shares, compared to its average volume of 9,756,110. The stock has a market capitalization of $60,530.00, a P/E ratio of 18.91, a PEG ratio of 0.90 and a beta of 1.85. Applied Materials, Inc. has a 1-year low of $28.93 and a 1-year high of $57.34. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.25 and a current ratio of 2.91.

Applied Materials (NASDAQ:AMAT) last released its earnings results on Thursday, August 17th. The manufacturing equipment provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.02. The business had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.69 billion. Applied Materials had a return on equity of 40.74% and a net margin of 22.08%. The business’s quarterly revenue was up 32.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.50 earnings per share. research analysts forecast that Applied Materials, Inc. will post 3.22 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Friday, November 24th will be given a $0.10 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $0.40 annualized dividend and a dividend yield of 0.71%. Applied Materials’s dividend payout ratio (DPR) is presently 14.18%.

A number of research firms have commented on AMAT. B. Riley reiterated a “buy” rating and issued a $61.00 price target on shares of Applied Materials in a research note on Saturday, August 19th. Instinet reiterated a “buy” rating and issued a $55.00 price target (up from $50.00) on shares of Applied Materials in a research note on Saturday, September 30th. Craig Hallum reissued a “buy” rating and issued a $76.00 price objective (up from $60.00) on shares of Applied Materials in a report on Thursday, September 28th. Stifel Nicolaus reissued a “buy” rating on shares of Applied Materials in a report on Sunday, October 1st. Finally, Vetr raised Applied Materials from a “buy” rating to a “strong-buy” rating and set a $48.16 price objective on the stock in a report on Thursday, August 10th. Three investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $56.64.

In other news, VP Thomas F. Larkins sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $51.24, for a total value of $1,537,200.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Alexander Karsner sold 22,762 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $44.03, for a total value of $1,002,210.86. The disclosure for this sale can be found here. Company insiders own 0.31% of the company’s stock.

Applied Materials Company Profile

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Institutional Ownership by Quarter for Applied Materials (NASDAQ:AMAT)

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